Roubini Warns of ‘Perfect Storm’ for U.S. Economy in 2020

Not exactly a surprise. Supply-side “solutions” used to justify tax breaks for corporations and the wealthy have never resulted in anything other than recession. Roubini explains his analysis more clearly and thoroughly than I might. Watch the video. Bloomberg has blocked linking directly; but, you can click through to YouTube.

Yes, Roubini’s a conservative economist. In this instance, his prediction of doom and gloom is founded on the track record of Republicans who try this every decade or so – and fail each time.

2 thoughts on “Roubini Warns of ‘Perfect Storm’ for U.S. Economy in 2020

  1. Daniel 5:5 says:

    “The coronavirus-led economic recession may be over, but the depression has barely begun :
    Working people, small businesses and local governments need more income now, or other dominoes will fall” https://www.marketwatch.com/story/the-coronavirus-led-economic-recession-may-be-over-but-the-depression-has-barely-begun-2020-06-26
    “Second stimulus checks still a conversation, not yet guaranteed” https://www.al.com/business/2020/06/second-stimulus-checks-still-a-conversation-not-yet-guaranteed.html
    “Coronavirus mortgage bailouts suddenly swell as homeowners face new struggles” https://www.cnbc.com/2020/06/26/coronavirus-mortgage-bailouts-suddenly-swell-as-homeowners-struggle.html
    “Due to the coronavirus recession and record levels of unemployment, nearly 3 million auto loans are currently in some sort of deferment program, according to a recent data released by credit reporting agency TransUnion.” https://www.cnet.com/personal-finance/nearly-3-million-people-cant-pay-their-car-loans-heres-what-to-do-if-youre-one-of-them/

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